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Fizer Pharmaceutical paid $68 million on January 2. 2021, for 4 million shares of Carne Cosmetics common stock. The investment represents a 25% interest in

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Fizer Pharmaceutical paid \$68 million on January 2. 2021, for 4 million shares of Carne Cosmetics common stock. The investment represents a 25\% interest in the net assets of Carne and gave Fizer the ability to exercise significant influence over Carne's operations. Fizer received dividends of $1 per share on December 21. 2021. and Carne reported net income of $40 million for the year ended December 31,2021 . The fair value of Carnes common stock at December 31, 2021, was $18.50 per share. - The book value of Carne's net assets was $192 million. - The fair value of Carne's depreciable assets exceeded their book value by $32 million. These assets had an average remaining useful life of eight years. - The remainder of the excess of the cost of the investment over the book value of net assets purchased was attributable to goodwill. Required: Complete the table below and prepare the appropriate journal entries related to the investment during 2021. Complete this question by entering your answers in the tabs below. Journal entry worksheet 5 Record the investment in Carne Cosmetics shares. Note: Enter debith before credit: Journal entry worksheet Record the investor's share of net income. Note: Enter debits before credits. Journal entry worksheet

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